Jim Bankoff’s SB Nation Receives Funding
SB Nation is a sports startup that was started by Jim Bankoff, former AOL EVP of Consumer and Publisher Services. Bankoff is also a Senior Advisor with Providence Equity Partners. Bankoff was one of the AOL execs that pushed for the development of TMZ.com.
Although it is not known exactly how much SB Nation has raised, TechCrunch pegs it at around the “mid-seven-figure sum.” The funding was provided by Accel, Allen & Co., and several other angel investors. The other angel investors include Ted Leonsis (former AOL Vice Chairman and Washington Capitals owner), Brent Jones (former San Francisco 49ers player and MD of Northgate Capital), Dan Rosenweig, Jeff Weiner, and other executives from Providence Equity Partners.
SB Nation is short for SportsBlogs Nation. About 150 team sites are linked together by local writers within the SB Nation network. All of these bloggers share in advertising revenue. SB Nation sites combined receive about 2 million unique visitors per month.
SB Nation is based in Washington D.C.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry